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Wdesk has become an indispensable tool for various teams within the company. The Financial Reporting team relies on Wdesk to file …
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What is Workiva?
Workiva is a cloud platform supporting ESG protecting, designed to provide collaboration, data integration, and an audit trail. The platform helps mitigate risk, and improves productivity.
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- Common repository of GRC items (5)8.080%
- Risk management (5)7.777%
- Incident management (5)7.070%
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What is Workiva?
Workiva is a cloud platform supporting ESG protecting, designed to provide collaboration, data integration, and an audit trail. The platform helps mitigate risk, and improves productivity.
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What is Workiva?
Workiva is a cloud platform supporting ESG protecting, designed to provide collaboration, data integration, and an audit trail. The platform helps mitigate risk, and improves productivity.
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Overview of the Workiva Platform
Workiva Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
Frequently Asked Questions
Workiva is a cloud platform supporting ESG protecting, designed to provide collaboration, data integration, and an audit trail. The platform helps mitigate risk, and improves productivity.
Reviewers rate Integration with Corporate Performance Management (CPM) systems highest, with a score of 9.
The most common users of Workiva are from Enterprises (1,001+ employees).
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Recommendations
Wdesk has become an indispensable tool for various teams within the company. The Financial Reporting team relies on Wdesk to file important documents such as the company's 10-K and 10-Qs, while the Legal department uses it for filing Proxy Statements. Additionally, Internal Reporting finds Wdesk useful for filing quarterly press release 8Ks. The program's permissions feature allows for seamless collaboration and input from different departments on each document. As a result, users have expanded its use to involve other groups like Treasury and Legal for their unique filings. While its primary focus is SEC filings, Wdesk is slowly being incorporated into areas such as Certifications and SOX. Users have been utilizing Wdesk for over two years and greatly appreciate the product as a whole, as well as the company's commitment to excellence and transparency in customer service.
With Wdesk's secure cloud-based platform, capturing, preparing, and aggregating financial data from various sources has become effortless. Users have the ability to create and model reports and analyses tailored to their specific needs, all linked to the relevant data. This versatility makes Wdesk an ideal choice for Annual Reports and SEC filings. However, some users have encountered compatibility issues with Word and Excel 2007, as well as challenges related to syncing and file formats. To complement their workflow, certain users have integrated Microsoft Teams alongside Wdesk. The Global Financial Reporting Team relies on Wdesk to prepare essential documents like Earnings Releases, Form 10-Ks, Form 10-Qs, and IFRS financial statements. As other departments witness its potential in streamlining processes such as document control and consistent financial reporting, there is increasing encouragement for wider adoption of Wdesk throughout the organization. Notably, external auditors and legal counsel also utilize Wdesk to review filings and provide valuable feedback.
The benefits of using Wdesk extend beyond financial reporting alone; it also plays a pivotal role in the company's SOX program and serves as the go-to financial reporting tool. Users particularly appreciate Wdesk for its cloud-based functionality, real-time reporting capabilities, and ease of creating tables. By leveraging Wdesk, the financial reporting team has successfully reduced errors and improved productivity in updating financial statements, eliminating the need for manual processes and mitigating inconsistencies. This time-saving aspect is highly valued by users. Overall, Wdesk has proven to be a reliable solution that enhances collaboration, simplifies data management, and empowers teams to deliver accurate and timely financial reports.
Users have provided several recommendations for the software based on their experiences. The most common recommendations are as follows:
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Reach out to the company staff for assistance and demonstrations. Users have found it beneficial to contact the company's staff for help and demonstrations of the software. This allows them to better understand its functionalities and how it can meet their specific needs.
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Consider long-term contracts to avoid price increases. Some users suggest considering long-term contracts with the software provider in order to avoid potential price increases in the future. This may help organizations manage their budgets more effectively.
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Contact consultants for demonstrations and understanding capabilities. Users recommend reaching out to consultants who specialize in the software to get demonstrations and a better understanding of its capabilities. This can assist organizations in making informed decisions about whether the software aligns with their requirements.
These recommendations highlight the importance of seeking support from the software provider, considering long-term contracts, and consulting with experts to fully utilize the capabilities of the software.
Attribute Ratings
Reviews
(1-3 of 3)Companies can't remove reviews or game the system. Here's why
October 26, 2022
No more manual tie outs, saves a ton of time!
Used Wdesk to create and update financial statements and other similar documents. It made it easier to update a single set of financials and have the numbers linked throughout the document, so an update in one area would lead to a refresh in all other areas the same tagged number was referenced. Previously, this would have been a very manual process, and things could have easily been missed leading to inconsistencies within the same document for the same number.
- Linking Numbers.
- Updating Numbers.
- User Interface.
- Tagging takes a while to get the hang of.
- Customer support feels light.
- Lag when switching between pages.
- Tagging
- User Interface.
- Ease of Use.
N/A
N/A
- Saved Time.
- Allowed Team Members to Focus on More Analytical Activities.
Before using Wdesk, tie-outs were completed via an Excel table. This provided a good format for financials and linking, but the actual text and paragraph style areas of the financials being prepared are better suited to Word than Excel. Wdesk combines the best of both tools, making it easy and intuitive to update numbers throughout.
July 18, 2022
Review of Wdesk SOX Platform
We use Wdesk for our SOX program. The platform is also used as the financial reporting tool in my company.
- Wdesk is pretty user friendly and easy to learn.
- Service hotline is responsive.
- The software is not pricy.
- The automation could be better. A lot of mass updates are done manually.
- Sometimes the system has connection issues and certain functions are down.
- The customer service could be more proactive to provide regular training and sharing updates on the software.
- Customer service could be better to help process the mass updates in a timely fashion.
- Certification module.
- Testing module.
- Remediation module.
- Control listing and reporting.
20%
2.0
- The ROI is good on overall business projections.
- We raised efficiency for over 30% using the software.
- The software saved 20% on budget of CPEs and trainings.
The software is easy to implement and not pricy.
May 26, 2022
Avoid WORKIVA is not what they advertise
Score 2 out of 10
Vetted Review
Verified User
We used it for Annual Reports and SEC filing. we are a mining company Problems: word and excel version 2007 very limited, force to redo all waterfalls, graphs, tables, etc. SYNC is a problem, very limited, unresponsive software creates massive files, once exported the format gets destroyed in WORD, creating duplicated files, once imported an EXCEL file loses all graphs, 99% of formulas, and all graphs. as you sync and made edits, you end up with 2 versions of the file. WORST experience ever. Microsoft TEAMs is being by far WORKIVA
- have a structure to follow
- Involves the user on determined tasks
- Basic editing of documents WORD 2007
- Upgrade WORD and EXCEL 2007 to have same functionality of normall OFFICE 365
- Do not destroy the EXCEL files imported, deleting all PIVOTs and GRAPHS
- not available switch between UPPERCASE and lowercase
- not available Search and replace ALL
- not available redo format
- not available to do graphs in EXCEL
- not available elaborated FORMULAS, only very basic like sums
- not available DESKTOP version
- SYNC only works one way
- Exported WORD files are massive and version 2007
- not available PDF viewer
- compliance
- hability to work faster, this is not happening
- compatibility with OFFICE 365
N/A
N/A
- Work for longer hours
- WDESK very slow and only basic tools
- creates duplicates and not compatible with office 365